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Valeura Energy Inc. T.VLE

Alternate Symbol(s):  VLERF

Valeura Energy Inc. is a Canada-based upstream oil and gas company engaged in the production, development, and exploration of petroleum and natural gas in the Gulf of Thailand and onshore Turkey. It is also pursuing inorganic growth in Southeast Asia. It holds an operating working interest in four shallow water offshore licenses in the Gulf of Thailand, which include G10/48 (Wassana field), B5/27 (Jasmine and Ban Yen fields), G1/48 (Manora field), G11/48 (Nong Yao field). It holds a 100% operating interest in license B5/27 containing the producing Jasmine and Ban Yen oil fields. It holds an operated 70% working interest in license G1/48 containing the Manora oil field, which produces approximately 3,200 barrels per day (bbls/d) of medium-weight sweet crude oil. It also has an operating interest in 0.407 million gross acres of prospective rights in the Thrace basin of northwest Turkey. It holds interests ranging from 63% through 100% in various leases and licenses in the Thrace basin.


TSX:VLE - Post by User

Bullboard Posts
Comment by ditchdigger251on Oct 25, 2018 6:15pm
145 Views
Post# 28874669

RE:RE:30 day decline rate for Yam

RE:RE:30 day decline rate for YamBeen there done that.  I came into an unconventional exploration group where the wells were under-designed as in not allowing high enough pumping pressure to get frac stages pumped leading to sandoffs with expensive time consuming cleanouts and undercompleted wells that didn't reflect production potential.  I immediately pushed to get better casing and subsequent wells turned out better BUT assuming that your completions people will factor in extra pump pressure headroom to reduce risk is a big mistake.  I've seen minimal attention given - maybe it's too much trouble...  But every junked well is a strike against the play and it doesn't take but a small number of those to kill the whole thing.  JMHO.
Bullboard Posts